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Mothercare PLC Ord 1P (MTC)

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25-Sep-2020 07:40 AM

Mothercare swings to profit on one-off gain; sales continue to slide

Infant merchandise retailer Mothercare swung to a full-year profit after it booked a one-off gain on the loss of control of its UK business, though it also posted an underlying loss as revenue fell. Net profit for the year through March amounted to &poun
20-Aug-2020 08:27 AM

Mothercare unveils new business model

Baby and kid product specialist Mothercare has announced a new business model after talks with its franchisees. The new arrangements will see its franchise partners pay manufacturers directly for products. The company has completed the deal for Boots to
22-Jun-2020 07:30 AM

Mothercare partner stores reopen; shortlists CEO candidates

Infant merchandise retailer Mothercare said that around two-thirds of its partners' global retail locations were now open following an easing of government lockdowns. The company also announced that it had shortlisted chief executive candidates.
30-Mar-2020 07:09 AM

Mothercare delays commencement of Boots deal; in talks to source more debt

Infant merchandise retailer Mothercare said it had delayed the commencement of a distribution agreement with Boots and was currently talking to lenders about upping the size of its debt amid the Covid-19 crisis. The company said there had 'inevitabl
10-Dec-2019 07:44 AM

Mothercare losses deepen as sales continue to slide

Struggling infant goods retailer Mothercare booked a deeper first-half loss, as sales continued to slide in a UK business recently placed into administration. Sales also slipped at the company's remaining offshore stores. Pre-tax losses for the six
26-Jul-2019 08:09 AM

Mothercare warns on profits amid 'uncertain and volatile' UK market

Mothercare said the UK market would continue to be 'uncertain and volatile' in the medium term, accompanied by 'fragile' consumer confidence as it warned on profits in a 15-week trading update. The company said gross margin improvemen
24-May-2019 12:00 PM

Broker Forecast - Numis issues a broker note on Mothercare PLC

Numis today reaffirms its hold investment rating on Mothercare PLC (LON:MTC) and cut its price target to 23p (from 25p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
24-May-2019 07:11 AM

Mothercare losses deepen as sales continue to slide

Parents and young children focused retailer Mothercare reported a deeper annual loss, as the ailing company's sales continued to slide amid a raft of store closures. Pre-tax losses for the year through March amounted to £87.3m, compared to los
23-May-2019 08:46 AM

Mothercare delays FY results by 1 day, sees results in line with market expectations

Mothercare said it would postpone the publication of its full-year financial results by one day to 7am on Friday, 24 May as a result of the complexity of its financial year. Its financial year included the £117.5m refinancing and associated UK grou
04-Apr-2019 07:13 AM

Mothercare UK like-for-like sales fall

Mothercare revealed UK like-for-like sales declined 8.8% in the quarter to 30 March 2019, representing an improvement on the prior two quarters. The company said improved UK sales were driven by clearance stock volumes in closure stores which diluted gr
09-Jan-2019 09:20 AM

Mothercare sales fall in 'challenging' market

Ailing baby goods retailer Mothercare reported sharply lower UK sales in the third quarter as it continued plough through a turnaround plan. UK like-for-like sales in the 13 weeks to 5 January fell 11.4% on-year, which the company pinned on a difficult c
10-Dec-2018 11:40 AM

Broker Forecast - finnCap issues a broker note on Mothercare PLC

finnCap today initiates coverage of Mothercare PLC (LON:MTC) with a corporate investment rating and price target of 23p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Nov-2018 08:22 AM

Mothercare posts £6.2m loss, warns trading will remain "volatile"

Mothercare reported a pre-tax loss of £6.2m on Thursday as it warned that trading conditions would remain volatile for the remainder of its financial year. The company reported an adjusted pre-tax loss of £6.2m in the 28 weeks to 6 October. T
03-Aug-2018 09:40 AM

Broker Forecast - Numis issues a broker note on Mothercare PLC

Numis today reaffirms its hold investment rating on Mothercare PLC (LON:MTC) and raised its price target to 25p (from 17p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
17-May-2018 08:50 AM

Mothercare restructures and refinances business

Mothercare has revealed measures to refinance its business and restructure its UK store portfolio through company voluntary arrangements (CVAs) of certain subsidiaries. The measures aim to return Mothercare to a more stable footing, accelerate the trans
12-Apr-2018 12:50 PM

Broker Forecast - Numis issues a broker note on Mothercare PLC

Numis today reaffirms its hold investment rating on Mothercare PLC (LON:MTC) and cut its price target to 17p (from 21p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
08-Jan-2018 08:08 AM

Mothercare warns on profits as sales fall

Mothercare said its performance was tracking "below expectations" after sales slipped by 2.4% in the 12 weeks through December, driven by lower footfall at its UK stores. UK like-for-like sales tumbled 7.2%. "In our UK business, we took a
23-Nov-2017 12:00 PM

Broker Forecast - Peel Hunt issues a broker note on Mothercare PLC

Peel Hunt today downgrades its investment rating on Mothercare PLC (LON:MTC) to hold (from buy) and cut its price target to 60p (from 150p). Story provided by StockMarketWire.com...
23-Nov-2017 07:33 AM

Mothercare swings to loss

Mothercare swung to an adjusted loss before tax of £700,000 in the 28 weeks to 7 October from a profit of £5.9 million the year before. The company said its business transformation plans are progressing, with UK like-for-like sales up 2.5%.
10-Nov-2017 08:40 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Mothercare PLC

JP Morgan Cazenove today downgrades its investment rating on Mothercare PLC (LON:MTC) to neutral (from overweight) and cut its price target to 110p (from 120p). Story provided by StockMarketWire.com...
11-Sep-2017 08:02 AM

Mothercare appoints Glyn Hughes as CFO Designate

Mothercare announced that Glyn Hughes, currently the company's Interim Finance Director was appointed as CFO Designate. Following a handover period Glyn will be appointed as CFO and Executive Director with effect from 1 December 2017 when Richard Sm
04-Sep-2017 10:10 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Mothercare PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Mothercare PLC (LON:MTC) and cut its price target to 120p (from 140p). Story provided by StockMarketWire.com...
20-Jul-2017 07:06 AM

Mothercare UK like-for-like sales up

Mothercare said UK like-for-like sales up 1.9% in the 15 week period to July 8th 2017. We entered the end of season sale with lower stocks and are achieving a higher sell through rate. UK online sales grew by 3.3%. Total UK sales were lower than last ye
08-Jun-2017 11:30 AM

Broker Forecast - Berenberg issues a broker note on Mothercare PLC

Berenberg today upgrades its investment rating on Mothercare PLC (LON:MTC) to hold (from sell) and raised its price target to 130p (from 100p). Story provided by StockMarketWire.com...
19-May-2017 10:30 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Mothercare PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Mothercare PLC (LON:MTC) and cut its price target to 140p (from 149p). Story provided by StockMarketWire.com...
 
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